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BLS Estimates 36% of CPI Prices in August Amid Data Gaps

The share of estimated prices in the U.S. Consumer Price Index rose to 36% in August, compared with 32% in July, highlighting growing data collection challenges.

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Terms & Concepts
  • Consumer Price Index (CPI): A measure that examines the average change over time in the prices paid by consumers for a basket of goods and services.
  • Bureau of Labor Statistics (BLS): The U.S. government agency responsible for collecting, analyzing, and disseminating economic data, including employment and inflation statistics.
  • Price Quote: A specific data point representing the price of a product or service at a given time, used in calculating economic indicators like CPI.